Merak Ventures, a sector-agnostic, early-stage venture capital (VC) firm, has launched a new fund with a target corpus of $100 million for early-stage startups.
The firm plans to invest in up to 20 startups in the next three to four years.
The VC firm will invest seed capital into B2B and emerging technology companies, a press statement said. The fresh Capital is sector agnostic, but will also focus on other sectors including climate tech including agritech, mobility, climate finance, digital solutions and insurtech.
The Delhi-NCR-based Merak Ventures was Co-founded by fund managers Manu Rikhye and Sheetal Bahl, It will also provide proactive support in strategy, business development and fundraising. The co-founders were investing in early-stage companies at GrowX which focuses on deeptech companies.
In addition, they still manages 16 companies from the GrowX portfolio including ProgCap, Cynlr and Pixxel.
“There are passionate founders who want to solve real-world problems and we want to empower them, not just with capital but as a mentor-partner. At Merak, we firmly believe businesses who solve authentic problems will always make for a sound investment” said Manu Rikhye, Partner, Merak Ventures.
Sheetal Bahl, Partner, Merak Ventures, added, “Merak is the culmination of a decade of thinking, learning, and investing in the Indian startup ecosystem. It represents our strong belief that financial gains and impact, whether on industry, people, or the planet, are not mutually exclusive. And it is built on the foundation of our passions – B2B and emerging technologies, and our values: boldness, empathy, fun.”
About Merak Ventures
Merak is a sector-agnostic, early-stage venture fund, investing in B2B and emerging technologies companies that are solving real problems and creating large-scale impact.
They believe in liberty but also in equality. They believe in efficiency but also in community. And they believe these seemingly contradictory positions can be bridged.